Global Economy

OECD Warns There Is A "Disconnect" Between Markets And The Global Economy

"Disconnect between financial markets and fundamentals, potential market volatility, financial vulnerabilities and policy uncertainties could, however, derail the modest recovery. The positive assessment reflected in market valuations appears disconnected from real economy prospects." - OECD

Can Yellen Keep The Boom Going?

Yellen, like notorious previous Fed chiefs including Strong, Martin, and Greenspan, can now claim success in having prolonged and strengthened an asset price inflation which otherwise may well have been about to enter its severe end phase. If history is any guide, the result of that success is to be feared.

It's What's Happening Beneath The Surface That Matters: Moral Decay And Rising Inequality

Corralling the Fed, staunching the flow of money into politics and limiting the predations of Big Government on civil liberties and economic freedoms would be welcome reforms, but they won't be enough. The moral rot has hollowed out not just these institutions of governance and power, but the entire social order and the mode of production.

Norway Wealth Fund Gains $53 Billion in 2016 On Trump Rally

"All of the fund’s asset classes generated positive returns, but it was the strong equity return in the second half of the year that drove the fund’s results.  After the presidential election in the U.S., markets priced in higher growth and inflation in the global economy."

Guess 'Who' Just Figured Out The Fed Is Behind The Curve

"It’s like the Federal Reserve is Wayne Gretzky’s poorly coordinated older brother. Instead of skating to where the puck is going, the Fed can’t even skate to where the puck is, and is instead busy skating to where it has been."

The Market Is Not The Economy, But Earnings Are (Closer)

"... share prices, in general, operating on the far end of the probability spectrum; where everything has to go just right in the near future, including whatever may come out of Trump “stimulus” and economic policies. EPS, however, suggests, as the calculations for GDP potential, that that would be a very low probability outcome, including a high risk of “something” going wrong all over again just like it was in 2014."